RFG Advisory LLC Decreases Stake in Fidelity Total Bond ETF $FBND

RFG Advisory LLC lessened its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,035,852 shares of the company’s stock after selling 276,488 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.0% of RFG Advisory LLC’s investment portfolio, making the stock its 13th biggest position. RFG Advisory LLC’s holdings in Fidelity Total Bond ETF were worth $47,898,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. grew its stake in shares of Fidelity Total Bond ETF by 2.2% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 986,032 shares of the company’s stock valued at $45,594,000 after buying an additional 21,091 shares during the period. Family Capital Management Inc. lifted its holdings in Fidelity Total Bond ETF by 3.1% in the second quarter. Family Capital Management Inc. now owns 73,066 shares of the company’s stock valued at $3,343,000 after acquiring an additional 2,163 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Fidelity Total Bond ETF by 4.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 988,443 shares of the company’s stock worth $45,706,000 after acquiring an additional 42,304 shares during the period. Weatherly Asset Management L. P. increased its stake in Fidelity Total Bond ETF by 8.6% during the third quarter. Weatherly Asset Management L. P. now owns 840,368 shares of the company’s stock worth $38,980,000 after acquiring an additional 66,885 shares during the last quarter. Finally, Aspiriant LLC increased its stake in Fidelity Total Bond ETF by 14.3% during the third quarter. Aspiriant LLC now owns 547,715 shares of the company’s stock worth $25,326,000 after acquiring an additional 68,351 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.0%

NYSEARCA:FBND opened at $46.15 on Monday. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.86. The stock’s fifty day moving average is $46.18 and its two-hundred day moving average is $46.22. The company has a market capitalization of $24.14 billion, a P/E ratio of 8.94 and a beta of 0.28.

Fidelity Total Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th were given a $0.146 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Fidelity Total Bond ETF Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.